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HomeMy WebLinkAboutRES2023-120 Electric Rate TariffSponsored by: Sorensen Public Hearing: November 13, 2023 Postponed: November 13,2023 Approved: December 18, 2023 CITY OF SEWARD, ALASKA RESOLUTION 2023-120 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, AMENDING THE 2024 ELECTRIC RATES TARIFF TO INCORPORATE RECOMMENDATIONS FROM THE 2023 RATE STUDY TO SET ELECTRIC RATES AT A LEVEL TO MEET THE UTILITY'S REVENUE REQUIREMENTS OVER THE NEXT THREE YEARS. WHEREAS, the rate study was conducted by Mike Hubbard of The Financial Engineering Company, an expert with 44 years of experience in electric ratemaking; and WHEREAS, the rate adjustments recommended in the study are based upon a "cost of service" allocation to the various customer classes and are designed to generate the revenues needed to adequately operate the utility; and WHEREAS, increasing customer rates is necessary because of expenses related to deferred and ongoing maintenance, emerging technologies, future reliability and cybersecurity standards, additional resources (staffing and/or consultants) to ensure safe and reliable operations, rising inflation and other factors, including maintaining adequate cash flow; and WHEREAS, public input on the proposed rates was received following a work session with City Council on September 11, and this input was reviewed by The Financial Engineering Company and adjustments to proposed rates were incorporated where practical; and WHEREAS, the rate study recommends an increase of $0.06/kWh increase across all customer classes beginning January 1, 2024; and WHEREAS, this adjustment in rates will result in an overall increase of $36.00/month for residential customers using an average of 600kWh/month; and WHEREAS, this change to the 2024 Electric Tariff will continue to ensure fair and equitable rates for all customers —where the "cost causer" is the "cost payer" —while also safeguarding the financial health of the utility. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The City Council hereby authorizes amendments to the 2024 Electric Rates Tariff based upon recommendations from The Financial Engineering Company. Section 2. These tariff amendments will increase electric rates across all customer classes by $0.06/kWh beginning January 1, 2024. CITY OF SEWARD, ALASKA RESOLUTION 2023-120 Page 2 of 2 Section 3. This resolution shall take effect ten (10) days upon adoption. PASSED AND APPROVED by the City Council of the City of Seward, Alaska this 18th day of December 2023. THE CITY OF SEWARD, ALASKA LLNY\C /fin dW1'11�\ lX Sue McClure, Mayor AYES: Wells, Osenga, Crites, Barnwell, McClure NOES: Finch, Calhoon ABSENT: None ABSTAIN: None ATTEST: Kris Peck City Clerk (City Seal) OF SEiv''+. • ? w --+-' •L a SEAL• • : U :• .. o OF Pk\--v".•• • 1 1 1 City Council Agenda Statement Meeting Date: November 13, 2023 To: City Council Through: Kat Sorensen, City Manager From: Rob Montgomery, General Manager Electric Utility Subject: Resolution 2023-120: Amending The 2024 Electric Rates Tariff To Incorporate Recommendations From The 2023 Rate Study To Set Electric Rates At A Level To Meet The Utility's Revenue Requirements Over The Next Three Years Background and justification: The successful operation of an electric utility requires the ability to resolve several interrelated, yet conflicting, goals. Central to these goals are rates. Set too high, and the utility risks losing load, or even entire customers, to self -generation. But setting rates too low reduces the financial health of the utility or runs the risk of not being able to keep up with maintenance and potential reliability issues. Low rates can also lead to insufficient revenues for retaining key personnel or filling all staff positions. Seward's electric utility is currently facing several financial challenges. The first is the payment of the $10 million revenue bond that was taken out in 2022 to pay for deferred maintenance related to infrastructure (Nash Road and substations). The utility begins paying the principal payment on the bond in 2024, which is almost $1 million annually. The utility also has unbudgeted infrastructure work to complete in the refurbishment of the Spring Creek Substation and several other capital projects on the books over the next three years, including the replacement of old and deteriorating underground cable serving residential areas such as Stoney Creek, Gateway/Dora Way, Old Mill, Nash Woods, and Questa Woods. These projects are critical to providing these communities with reliable service. Additionally, the utility must also meet forthcoming reliability and cybersecurity standards being set by the state of Alaska; manage expenses related to deferred and ongoing maintenance; cope with the rising costs of materials and supplies and inflation in general; ensure adequate cash flow related to debt service coverage ratios and add necessary resources to adequately operate the utility moving forward. Seward's rate study was conducted by Mike Hubbard of the Financial Engineering Company. Mr. Hubbard is an expert with 44 years of experience in ratemaking. The recommended adjustments in rates are based upon a "cost of service" allocation, meaning the "cost causer" is the "cost payer." City Council conducted a work session on the rate study on September 11, and input was received from the public during the session. Some adjustments to Mr. Hubbard's study (outlined below) were made, where practical, based on Council and public feedback. While these changes lowered the overall target margin, labor costs and the contribution to the Major Repair and Replacement Fund (MRRF), one expense was also added to the study that was not known until after the work session. This was an expense related to shared right-of-way maintenance with Chugach Electric for the line between Cooper Landing and Moose Pass. Below are the updates made to the study following the September 11 work session: 1. Decreased the rate study's target margin from $500,000 to $300,000, which aligns with the utility's target margin established in the 2021 rate study. 2. Decreased the rate study's MRRF contribution from $500,000 to $350,000. 3. Decreased the rate study's labor expenses on the proposed organizational chart from $835,000 to $675,000. This reduction was the result of eliminating the Apprentice Operator position and combining the Government/Railbelt Relations Coordinator and the Customer Relation -Communications Coordinator into one job. 4. Increased the rate study $700,000 total ($400,000 in 2024 and $300,000 in 2026) to maintain the transmission line right-of-way between Chugach Electric's Dave's Creek Substation near Cooper Landing to Seward Electric's Lawing Substation near Moose Pass. Seward owns the high -voltage transmission lines and poles within the right-of-way and CEA owns the lower voltage distribution lines attached to the same poles. The 2023 Rate Study recommends an increase in rates of $0.06 across all customer classes beginning January 1, 2024. This adjustment to Seward's rates will result in an overall increase of $36.00/month for residential customers using an average of 600kWh/month. Comprehensive and Strategic Plan Consistency Information This legislation is consistent with (citation listed): Comprehensive Plan: Strategic Plan: Other: Total amount of funds listed in this legislation: $ This legislation (V): Creates revenue in the amount of: Creates expenditure in amount of: $ Creates a savings in the amount of: $ Has no fiscal impact Funds are (✓): Budgeted Line item(s): Not budgeted Not applicable $ $10,612,704 in 2024 Affected Fund (✓): General Boat Harbor Motor Pool SMIC Parking Other Electric Water Wastewater Healthcare Note: amounts are unaudited Available Fund Balance Attorney Signature: Not Comments: applicable Yes Finance Director Signature: .e r ....I Administration Recommendation Adopt Resolution Other: Cost of Service/Rate Study Seward Electric System September 24, 2023 the Financial Engineering Company Modifications from September 11 Presentation • Labor expense increases reduced from $835,000 to $675,000/year • MRRF contribution reduced from $500,000 to $350,000/year • Target Margin reduced from $500,000 to $300,000 • Note: Since both MRRF and Margin reduced, further reductions not recommended • Transmission Expenses • Chugach has indicated that SES will now be responsible for its share of costs of clearing Daves Creek to Lawing Substations • Estimated costs are $400,000 in 2024 and $300,000 (plus inflation) in 2026 Revenue Requirements 2022 2023 Adjustment 2023 2024 2025 2026 Budget Budget Transmission Ops Labor and Benefits 49,078 78,600 78,600 127,039 130,215 133,471 Other 826,700 512,500 - 512,500 620,090 225,592 546,420 Subtotal 875,778 591,100 - 591,100 747,129 355,807 679,891 Distribution O&M Labor and Benefits 69,268 81,745 - 81,745 132,122 135,425 138,811 Other 33,825 30,000 - 30,000 32,710 33,528 34,366 Subtotal 103,093 111,745 111,745 164,833 168,954 173,177 Wholesale Power Costs 5,922,950 6,101,000 (6,101,000) - - - - Work Orders Labor and Benefits 229,684 108,050 - 108,050 174,639 179,004 183,480 Other (105,025) - - - (53,825) (55,171) (56,550) Subtotal 124,659 108,050 108,050 120,813 123,834 126,929 General Operations Labor and Benefits 1,728,560 1,314,716 - 1,314,716 2,124,943 2,178,066 2,232,518 Gen Fund Admin Fee 1,005,612 1,035,780 - 1,035,780 1,035,780 1,035,780 1,035,780 PILT - - 1,000,000 1,000,000 1,025,000 1,050,625 1,076,891 Major Repair/Repl Fund 350,000 358,750 367,719 Depreciation 2,560,132 1,585,000 - 1,550,591 1,839,582 1,934,631 1,714,826 Other 2,115,881 1,688,550 (185,000) 1,503,550 1,714,562 1,755,955 1,798,383 Subtotal 7,410,185 5,624,046 815,000 6,404,637 8,089,866 8,313,807 8,226,117 Administration Labor and Benefits 415,129 354,996 - 354,996 573,771 588,115 602,818 Other 462,665 161,950 161,950 181,363 184,868 188,460 Subtotal 877,794 516,946 - 516,946 755,134 772,983 791,278 Debt Service Interest Expense 154,450 586,700 - 586,700 579,700 722,525 702,789 Principal Payments 19,000 200,000 (200,000) Other 20,903 25,403 23,916 23,916 23,916 23,916 Subtotal 194,353 812,103 (200,000) 610,616 603,616 746,441 726,705 Other Operating Expenses (Revenu (65,275) (63,719) - (63,719) (64,497) (64,497) (64,497) Non -Operating Expenses (Revenue (49,100) (117,541) - (117,541) (104,191) (104,191) (104,191) Target Margin - - - 300,000 300,000 300,000 300,000 Revenue Requirements Prior Revenue Requirements Increase (Reduction) 15,394,437 13,683,730 (5,486,000) 8,461,834 10,612,704 10,613,138 10,855,410 8,661,834 10,845,823 11,257,085 11,195,267 (200,000) (233,119) (643,947) (339,857) 3 Adequacy of Existing Rates • Scenario 1 (Keep Utility) • Rate increase of $0.060/kWh right away • Additional increase of $0.003/kWh in 2026 • Scenario 2 (Sell Utility) • Requires rate increase of $0.021/kWh (approval of sale will take uptoa year) Current Analysis Revenues at Existing Rates Reven ue Requirements Surplus (Deficiency) Required Increase ($/k\Nh) From Existing Rates From Previous Year Previous Analysis Revenues at Existing Rates Reven ue Requirements Surplus (Deficiency) Required Increase ($/kWh) From Existing Rates From Previous Year 2023 2024 2025 2026 7,302,086 7,341,469 7,380,948 7,380,948 8,461,834 10, 612,704 10,613,138 10,855,410 (1,159,747) (3,271,235) (3,232,190) (3,474,462) 0.021 0.021 0,060 0,038 0,059 (0 001) 0.063 0.004 7,302,086 7,341,469 7,380,948 7,380,948 8,661,834 10,845,823 11,257,085 11,195,267 (1,359,747) (3,504,354) (3,876,137) (3,814,319) 0.025 0.025 0,064 0,039 0,071 0.069 0.007 (0.001) Residential Sm Gen Svc Boat Harbor Lg Gen Svc Industrial Allocated Cost of Service Street Lights Total Energy $ 1,643 $ 911 $ 195 $ 2,007 $ 979 $ 7 $ 5,742 Demand 1,688,081 1,287,731 256,841 3,554,981 1,679,333 18,958 8,485,925 Customer 1,541,833 424,163 20,515 58,558 2,225 4,436 2,051,730 Direct - 29,455 - 39,853 69,307 Total $ 3,231,557 $ 1,712,805 $ 307,006 $ 3,615,546 $ 1,682,537 $ 63,253 $ 10,612,704 Revenues From Existing Rates Customer $ 553,097 $ 290,685 $ 14,059 $ 41,974 $ 3,600 $ - $ 903,415 Energy 1,599,325 968,151 205,992 1,042,473 400,296 - 4,216,237 Demand - - 1,451,554 693,157 - 2,144,710 Street/Yard Lights - - - 77,106 77,106 Total $ 2,152,422 $ 1,258,836 $ 220,052 $ 2,536,001 $ 1,097,053 $ 77,106 $ 7,341,469 Surplus (Deficiency) $ (1,079,135) $ (453,969) $ (86,954) $ (1,079,545) $ (585,484) $ 13,853 $ (3,271,235) Required Adjustment Percentage 50.1% 36.1% 39.5% 42.6% 53.4% -18.0% 44.6% S/kWh 0.069 0.052 0.020 0.056 0.063 0.000 0.060 5 Residential Stu Gen Svc Boat Harbor Lg Gen Svc Industrial Allocated Cost of Service Street Lights Total Energy $ 879 $ 487 $ 105 $ 1,074 $ 524 $ 4 $ 3,073 Demand 1,346,818 1,026,815 205,181 2,834,219 1,338,973 15,144 6,767,150 Customer 1,235,777 339,966 16,443 46,910 1,781 3,555 1,644,431 Direct - - 17,833 - - 29,347 47,180 Total $ 2,583,473 $ 1,367,268 $ 239,561 $ 2,882,203 $ 1,341,278 $ 48,050 $ 8,461,834 Revenues From Existing Rates Customer $ 553,097 $ 290,685 $ 14,059 $ 41,974 $ 3,600 $ - $ 903,415 Energy 1,599,325 968,151 205,992 1,042,473 391,501 - 4,207,441 Demand - - - 1,451,554 662,570 - 2,114,124 Street/Yard Lights - - - - - 77,106 77,106 Total $ 2,152,422 $ 1,258,836 $ 220,052 $ 2,536,001 $ 1,057,671 $ 77,106 $ 7,302,086 Surplus (Deficiency) $ (431,052) $ (108,433) $ (19,509) $ (346,202) $ (283,608) $ 29,056 $ (1,159,747) Required Adjustment Percentage 20.0% 8.6% 8.9% 13.7% 26.8% -37.7% 15.9% S/kWh 0.027 0.012 0.004 0.018 0.030 0.000 0.021 6 Considerations • $1 million in revenue requirements equates to $O.018/kWh • Target margin of $300,000 used in analysis • Need to have rates based on some margin to provide for capital improvements and unforeseen costs • Payment In Lieu of Taxes (PILT) • Is the $1 million used in the analysis reasonable (if lowered, City would have to make up the difference from other sources) • Administrative Fee • Is the $1,035,780 budgeted amount reasonable (as with PILT, City would have to make up the difference from other sources) Options —Scenario 1 • Option 1: Increase all rates by $0.055/kWh followed by $0.004/kWh increase beginning of both 2025 and 2026 • Results in all revenue requirements met but with very small margins in 2024 • NOT Recommended • Option 2: Increase all rates by $0.059/kWh followed by $0.004/kWh beginning of 2026 • Results in margins of approximately $269,000, slightly less than the $300,000 target • Option 3: Increase all by $0.060/kWh • Residential rate class moves to within 92 percent of cost of service • Option 4: Implement rate increases that move each class closer to cost of service while attempting to lessen the large increase to Residential • See following table Options — Scenario 1 (continued) • Rate adjustment should be implemented as soon as possible • During 2024, investigate whether adjustments to the PILT and Administrative Fee are warranted • Rate adjustment at beginning of 2025 would be reflective of those investigations Boat Harbor Option Residential Sm Gen Svc Lg Gen Svc Industrial (28 meters) Street Lights Total Scenario 1 - Utility Retention 1,1 Increase all by $0.055/kWh Increase ($/kWh) $ 0.055 $ 0.055 $ 0.055 $ 0.055 $ 0.055 $ 0.055 Added Revenues $ 864,170 $ 479,020 $ 102,716 $ 1,055,618 $ 514,876 $ 3,723 $ 3,020,123 SES Margins Avg Monthly Increase $ 34.53 $ 69.57 $ 308.46 $ 1,112.35 $ 14,302.11 $ 51.71 Percent of Cost of Service 93% 101% 105% 99% 96% 1,2 Increase all by $0.059/kWh Increase ($/kWh) $ 0.059 $ 0.059 $ 0.059 $ 0.059 $ 0.059 $ 0.059 Added Revenues $ 927,018 $ 513,858 $ 110,186 $ 1,132,390 $ 552,321 $ 3,994 $ 3,239,768 SES Margins Avg Monthly Increase $ 37.04 $ 74.63 $ 330.89 $ 1,193.25 $ 15,342.26 $ 55.47 Percent of Cost of Service 95% 103% 108% 101% 98% 1,3 Increase all by $0.06/kWh Increase ($/kWh) $ 0.060 $ 0.060 $ 0.060 $ 0.060 $ 0.060 $ 0.060 Added Revenues $ 942,730 $ 522,568 $ 112,054 $ 1,151,583 $ 561,683 $ 4,062 $ 3,294,680 SES Margins Avg Monthly Increase $ 37.67 $ 75.90 $ 336.50 $ 1,213.47 $ 15,602.30 $ 56.41 Percent of Cost of Service 96% 104% 108% 102% 99% 1,4 Move to Cost of Service Increase ($/kWh) $ 0.065 $ 0.060 $ 0.050 $ 0.055 $ 0.060 $ 0.060 Added Revenues $ 1,021,291 $ 522,568 $ 93,378 $ 1,055,618 $ 561,683 $ 4,062 $ 3,258,600 SES Margins Avg Monthly Increase $ 40.81 $ 75.90 $ 280.42 $ 1,112.35 $ 15,602.30 $ 56.41 Percent of Cost of Service $ 48,888 $ 268,533 $ 323,445 $ 287,365 98% 104% 102% 99% 99% Options —Scenario 2 • It is recommended that the required $O.021/kWh increase be implemented across the board (to all rate classes) • Reductions in the target margin should NOT be considered since approval process of utility sale will take up to a year Boat Harbor Option Residential Sm Gen Svc Lg Gen Svc Industrial (28 meters) Street Lights Total Scenario 2 - Utility Sale 2.1 Increase all by $/kWh Increase ($/kWh) $ 0.021 $ 0,021 $ 0.021 $ 0,021 $ 0.021 $ 0,021 Added Revenues $ 329,956 $ 182,899 $ 39,219 $ 403,054 $ 196,589 $ 1,422 $ 1,153,138 SES Margins Avg Monthly Increase $ 13.18 $ 26.56 $ 117.77 $ 424.71 $ 5,460.81 $ 19.74 Percent of Cost of Service 96% 105% 108% 102% 94% $ 332,773 Monthly Impact on Residential Customers Summer Customer Charge Energy CO PA Total Percent Increase (Tota Winter Customer Charge Energy CO PA Total Percent Increase (Tota Annual Customer Charge Energy CO PA Total Percent Increase (Tota Average kWh/month Existing Rates (Monthly Charge) Scenario 1: Retain Utility Scenario 2: Sell Utility Option 1.1 (Not Recommended) Option 1.2 ❑ption 1.3 Option 1.4 Option 2.1 Monthly Increase Charge $ 22.10 $ - 81.48 11.99 60.24 - Monthly Charge Increase Monthly Charge Increase Monthly Charge Increase Monthly Charge Increase 571 $ 22.10 69.49 60.24 $ 22.10 $ - 100.90 31.41 60.24 - $ 22.10 $ - 103.18 33.69 60.24 - $ 22.10 $ - 103.75 34.26 60.24 - $ 22.10 $ - 106.61 37.12 60.24 - $ 151.83 $ 183.24 $ 31.41 $ 185.52 $ 33.69 $ 186.09 $ 34.26 $ 188.95 $ 37.12 $ 163.82 $ 11.99 I Bill) 21% 22% 23% 24% 8% 685 $ 22.10 $ 22.10 $ - $ 22.10 $ - $ 22.10 $ - $ 22.10 $ - $ 22.10 $ - 58.29 95.97 37.68 98.71 40.42 99.39 41.10 102.82 44.53 72.68 14.39 72.27 72.27 - 72.27 - 72.27 - 72.27 - 72.27 - $ 152.66 $ 190.34 $ 37.68 $ 193,08 $ 40,42 $ 193.76 $ 41.10 $ 197.19 $ 44.53 $ 167.05 $ 14.39 I Bill) 25% 26% 2796 29% 9% 628 $ 22.10 $ 22.10 $ - $ 22.10 $ - $ 22.10 $ - $ 22.10 $ - $ 22.10 $ - 63.89 98.43 34.54 100.94 37.05 101.57 37.68 104.71 40.82 77.08 13.19 66.25 66.25 - 66.25 - 66.25 - 66.25 - 66.25 - $ 152.25 $ 186.79 $ 34.54 $ 189.30 $ 37.05 $ 189.93 $ 37.68 $ 193.07 $ 40.82 $ 165.43 $ 13.19 I Bill) 2396 24% 25% 27% 9% COPA equal to that recovered by SFS on July 1, 2023. Chugach has filed fora rate increase, and the projected increase to 5E5 would be approximately 6.5%. 13 Summary • Analysis shows Residential and Industrial farthest from allocated cost of service • If utility is retained • A series of rate increases must be implemented that total approximately $0.071/kWh by the beginning of 2025 • This equates to an increase of $44.59/month for the average Residential customer • Increases might be mitigated by reducing PILT or Administrative Fee (although any reductions would have to be made up from other sources) • If the utility is sold • Rates still need to be increased by $0.025/kWh • This equates to an increase of $15.70/month for the average Residential customer • Approval process can take up to a year • Presumably the capital improvements included in Scenario 1 ("Retain Utility") would have to be performed by the acquiring utility (not included in the analysis) Electric Rates & Charges 2024 ELECTRIC RATES & CHARGES RATES FOR ELECTRICAL POWER BY CLASS OF SERVICE Class of Service Seward Utility Charge /kWh Demand Charge /kWh ** Customer Charge Cost of Power Adjustment (COPA) Residential Summer * Winter Base Rate $0.1817 $0.1451 N/A N/A $22 10 Monthly cost adjustment passed directly to Seward by Chugach Electric Association (CEA), based upon CEA's cost of power Small General Service (less than 25 kW) Summer * Base Rate $0.1869 $0.1527 N/A N/A $42.22 See explanation above Winter Boat Harbor (less than 25 kW) $0.1703 N/A $42.22 See explanation above Large General Service $0.1361 (1" 200 kWh/kW) $0.0864 (Additional kWh) $26.93 $44.23 See explanation above Industrial *** $0.1037 $30.00 $100.00 See explanation above Yard Lights N/A N/A $9.94 (175 watts) $14.75 (250 watts) $28.09 (400 watts) $70.21 (1000 watts) LED equivalent is 'h of cost N/A Metered Street Lights $0.2064 N/A $44.23 N/A Cost of Power Adjustment (COPA) is based on the cost of energy and demand from Chugach Electric Association (CEA) and will change when there is an adjustment to CEA rates charged to the City of Seward. * Summer is defined to mean the period from April 15 through October 15, with Winter defined as the remainder of the year. ** Demand Charges will be based on the maximum demand recorded over a 15-minute period. *** ASLC Transition Industrial Rate - The Special Contract for utility service with the Alaska SeaLife Center (ASLC) terminates on December 31, 2021. As of January 1, 2022, ASLC will be an Industrial customer. However, ASLC will transition to the regular Industrial rate over a three-year period. The transitional Industrial rate applicable to ASLC for 2022, 2023, and 2024, are set forth below, with ASLC subject to regular Industrial rates as of 2025. 2022 2023 2024 Customer $100.00 $100.00 $100.00 Energy $0.0377 $0.0397 $0.1037 Demand $20.50 $23.67 $26.83 The Large General Service rate will be applicable to all services with a demand of 25 kilowatts or greater forthree or more consecutive months during a year. A Small General Service customer may elect to be billed under the Large General Service schedule. However, the election to change the billing rate from one customer group to another may not be made more often than once every 12 months. The Industrial rate will be applicable to all services with energy usage equal to or greater than 1 million kWh/year. Definitions and Miscellaneous Charges System Delivery Charge: A System Delivery Charge (SDC) of $28.75 will be applied to any service thatuses less than 150 kWh/month, whether or not electric service is used. This replaces the Seward Utility energy charge and the Cost of Power Adjustment and is subject to proration. SDC under this schedule is an addition to the customer charge and is based on a monthly usage of 150 kWh times the energy rate andthe COPA. Absent an active customer, the registered property owner will be billed this monthly minimum charge. Cost of Power Adjustment (COPA): The Cost of Power adjustment charge from the Power Provider is a direct pass - through of the monthly total Power bill, including fuel costs, energy charges, customer charges, demand charges, and other miscellaneous adjustments, prorated according to the number of kilowatt hours the Seward Electrical Utility customers consumed during the billing period. The monthly rate for COPA may be modified as frequently as monthly, or through the use of a balancing account intended to reduce rate fluctuations. Seward Fuel Adjustment: The Seward Fuel Adjustment cost may be included in the COPA in the event The City operates the standby generation plant, including fuel, labor, maintenance and repair when the cost exceeds the amount budgeted. The cost will be prorated according to the number of kWh the customers consumed during the billing period. VAR Change (Power Factor Adjustment): All schedules requiring demand metering will be subject to the following power factor adjustment provisions: 1. Demand -metered customer should attempt to maintain a unity power factor. If the power factor falls below ninety percent lagging, the customer will take corrective steps to return the power factor to ninety percent or higher. Also, the following charge for billed kilowatts will apply: Monthly Billing Demand = Maximum Demand x 90% Actual Power Factor 2. All power factor adjustment equipment installed by the customer must be approved by the city. Power factor can be determined by permanently installed monitoring equipment or by periodic testing at reasonable intervals, at the discretion of the City. Standby Generation: The cost of operating the standby generation plant to meet a specific customer's need will be charged directly to that customer. Such cost will be the total cost of operating the plant, including fuel, labor, overtime, maintenance, repair and overhead, less the value of energy generated in excess of customer's need. Other Miscellaneous Fees and Charges: Fees and charges for existing facilities can be found on the following pages, as well as engineering service fees and charges for new facilities. Fees are listed according to service zones as follows: ZONE 1 Inside City Limits (excluding the Boat Harbor) ZONE II City limits to Mile 12 Seward Highway, and all roads connecting to the highway within this area ZONE III Mile 12 to Lawing APUCRegulatory Cost Charge: A special surcharge of $0.000626/kWh imposed on electrical utilities by the Regulatory Commission of Alaska (RCA) in response to the state's intent to assess user fees to support activities of the RCA and departments. This charge was recommended by the RCA as a pass -through charge to retail utilities customers. Alternative Power Rebate: Calculated by subtracting kWh generated by an alternative power source from the kWh supplied to the customer from the City of Seward during the billing cycle. The difference is multiplied by the City's utility/energy charge and the Cost of Power Adjustment (COPA), which are itemized and shown on the bill. Alternative Power Excess Credit: If a customer's alternative power source generates more kWh than supplied from the City of Seward during the billing cycle, the difference is credited to the customer's account at the non - firm avoided cost rate (dollars per kilowatt-hour) of the City's Electric Department. The non -firm avoided cost rate for Seward is defined as those expenses equal to the variable cost per kilowatt-hour for purchased power during the billing cycle —adjusted upward by X percent* to account for line losses. Credits are not provided for capacity. The variable cost of purchased power for Seward is equal to the sum of the base energy rate (BER) and the purchased power & fuel (PP&F) cost as set by Seward's wholesale power supplier. Electric Reliability Organization (ERO) Charge: This charge supports the state mandated Railbelt Reliability Council (RRC) which was approved as the Electric Reliability Organization (ERO) by the Regulatory Commission of Alaska in September of 2022. The City Seward is subject to this charge through state statute. The primary mission of the RRC is to ensure grid reliability by developing and enforcing technically sound reliability standards, reducing long-term costs through grid -wide resource planning, and designing consistent interconnection protocols for grid users. The ERO Surcharge is based on monthly kWh usage. *The percentage used for line losses will be updated annually based on the previous year's line loss rate and rounded to the nearest half percentage point EXISTING FACILITIES SCHEDULE OF FEES AND CHARGES Service Zone I Zone II Zone III Meter testing Per test, when results determined meter is accurate $75.75 $106.06 $136.33 Reconnection to approved existing meter installation $30.30 $37.88 $45.46 Reconnection to approved existing meter installation outside regular business hours $212.11 $257.52 $302.98 New connection fee $221.14 $221.14 $221.14 Minimum deposit - Residential account $121.54 $121.54 $121.54 Minimum deposit - Commercial or Industrial account $243.09 $243.09 $243.09 Deposit - Interruptible, Off-peak account The larger of twice the estimated bill or $243.09 The larger of twice the estimated bill or $243.09 The larger of twice the estimated bill or $243.09 Tampering with or unauthorized breaking of meter seal $737.06 $737.06 $737.06 Per annum interest on delinquent account 10.5% 10.5% 10.5% Door hanger fee $35.10 $35.10 $35.10 Monthly late fee on delinquent account $6.33 $6.33 $6.33 Dishonored check fee $39.59 $39.59 $39.59 Seasonal turn -on or seasonal turn-off fee (excludes brand new service; includes new account name or same account name; waived if < 2 months between turn-off and turn -on) $156.50 each $156.50 each $172.17 each Reconnection during regular business hours following disconnection of delinquent account $57.32 $71.69 $86.03 Reconnection outside regular business hours following disconnection of delinquent account $200.74 $243.72 $287.79 Transmission rate $7.90/kW per month $7.90kW per month $7.90/kW per month NEW FACILITIES ENGINEERING SERVICES SCHEDULE OF FEES AND CHARGES Service Zone I Zone II Zone III Temporary secondary service $73.71 $88.46 $103.20 Primary overhead extensions — Residential $73.71 $88.46 $103.20 Primary underground extensions — Residential $73.71 $88.46 $103.20 Secondary service $73.71 $88.46 $103.20 Primary overhead extensions — Subdivision, Mobile Home Park, Multi- Residence $147.41 $176.95 $206.40 Primary overhead extensions — Commercial, Industrial $294.83 $353.80 $383.28 Primary underground extensions — Commercial, Industrial $294.83 $353.80 $383.28 Modifications of existing facilities $147.41 $176.95 $206.40 Street lighting systems & Yard lights $73.71 $88.46 $103.20 NOTE: The Zone Fee or Charge is non-refundable until the service is connected. If the service is constructed and connected, the charge will be adjusted to the actual cost of engineering services. City of Seward, Alaska 2024 Utilities Tariff Legislative History Notes City of Seward, Alaska 2024 Utilities Tariff LEGISLATIVE HISTORY NOTES GENERAL CHANGES EFFECTIVE Resolution 96-076 Amending The Utility And Harbor Tariffs By Revising Interest Charges And Adding Other Fees Associated With Delinquent Accounts. June 10, 1996 Ordinance 00-014 Adopted rules & rate methodologies to purchase power from qualifying facilities June 12, 2000 Resolution 06-023 Authorizing The City Manager To Enter Into A New Agreement For The Sale And Purchase Of Electric Power And Energy With Chugach Electric Association, Incorporated. March 13, 2006 Chapter 3, Legislative History Notes Page 1 City of Seward, Alaska 2024 Utilities Tariff ELECTRIC TARIFF EFFECTIVE Resolution 92-064 Adopted May 11, 1992 Resolution 92-186 (Page 2-3) Amended November 16, 1992 Resolution 93-089 Amended June 18, 1993 Resolution 00-029 April 1, 2000 Resolution 00-053 Amended May 22, 2000 Ordinance 00-014 June 22, 2000 Resolution 02-138 January 1, 2003 No Resolution *CEA Agr. adjusted demand rates June 1, 2006 Resolution 09-115 Amending The Electric Rates And Charges Tariff To Include Automatic Annual Adjustments To All Rates And Fees By An Amount Equal To The Previous Five Full Years' Average Increase In The Anchorage Consumer Price Index For All Urban Consumers, And Automatic Pass -Through Of Rate Increases From Chugach Electric Association. January 1, 2010 & January 1, 2011 No Resolution *CEA Agr. adjusted demand rates May 1, 2011 No Resolution *CEA Agr. adjusted demand rates Resolution 11-081 Amending The Electric Rates And Charges Tariff To Include Automatic Annual Adjustments To All Rates And Fees By A Cumulative Amount Of Ten Percent In 2012 And Five Percent In 2013. January 1, 2012 & January 1, 2013 No Resolution *CEA Agr. adjusted demand rates August 31, 2012 No Resolution *CEA Agr. adjusted demand rates January 1, 2014 Resolution 2013-084 Adopting The Electric Enterprise Fund Biennial Budget For Calendar Years 2014 And 2015. January 1, 2014 Resolution 2014-047 Modifying The Electric Tariff To Add Language For Net Metered Customers To Receive Compensation For Producing Energy. June 7, 2014 No Resolution *CEA Agr. adjusted demand rates July 31, 2014 No Resolution Annual CPI increase 2.6% January 1, 2015 No Resolution *CEA Agr. adjusted demand and energy rates May, 2015 Resolution 2015-089 Amending The Electric Rates And Charges, Implementing Seasonal Rates And Freezing Small General Service Rates For 2016 And 2017 October 26, 2015 No Resolution Annual CPI increase 2.3% January 1, 2016 No Resolution *CEA Agr. adjusted demand rate July 1, 2016 No Resolution *CEA Agr. adjusted demand and energy rates September 1, 2016 No Resolution *CEA Agr. Adjusted demand rates November 1, 2016 No Resolution Annual CPI increase 2.4% January 1, 2017 Resolution 2017-068 Amending The Electric Rates And Charges, Reducing Seasonal Rates, And Adjusting Rates To Reflect Seward Electric Utility Charge, Cost Of Power Adjustment And Customer Charge For 2018 And 2019 January 15, 2018 & January 15, 2019 *Council approved power agreement w'th CEA which adjusted the demand charge rate, but not by specific resolution. Chapter 3, Legislative History Notes Page 2 City of Seward, Alaska 2024 Utilities Tariff WATER TARIFF EFFECTIVE Resolution 92-065 Adopted May 11, 1992 Resolution 92-113 Amended June 22, 1992 Resolution 93-090 Amended June 14, 1993 Resolution 93-142 (Fire Hydrants) Amended September 27, 1993 Resolution 95-032 Amended April 24, 1995 Resolution 99-048 (Ship Water) Amended April 26, 1999 Resolution 03-155 Amending The Water Tariff And The Sewer Tariff. January 1, 2004 Resolution 04-106 Amending The Water Tariff. January 1, 2005 Resolution 09-117 Amending The Water Tariff And Providing For Automatic Annual Adjustments To All Rates And Fees By An Amount Equal To The Five Previous Full Years' Average Increase In The Anchorage Consumer Price Index For All Urban Consumers. January 1, 2010 & January 1, 2011 Resolution 11-080 Amending The Water Tariff And Providing For A 4% Increase In Calendar Year 2012 And 6% Increase In Calendar Year 2013 And Providing For An Automatic Annual Adjustment Thereafter To All Rates And Fees By An Amount Equal To The Five Previous Full Years' Average Increase In The Anchorage Consumer Price Index For All Urban Consumers. January 1, 2012 & January 1, 2013 Resolution 13-085 Adopting The Water Enterprise Fund Biennial Budget For Calendar Years 2014 And 2015. January 1, 2014 Resolution 15-091 Amending The Water Tariff To Provide For A 4.3% Increase In The 2016 Calendar Year And A 2.4% Increase In The 2017 Calendar Year, And Allow For An Automatic Annual Adjustment Thereafter To All Rates And Fees By An Amount Equal To The Five Previous Full Years' Average Increase In The Anchorage Consumer Price Index For All Urban Consumers. January 1, 2016 & January 1, 2017 Resolution 2017-078 Amending The Water Tariff To Provide For A 2.1 %Rate Increase, Clarifying Metered Versus Non -Metered, Increasing Base Rate For 1 1/2" - 2" Meters, Changing The Seasonal Definition, And Other Minor Housekeeping Issues. January 1, 2018 Resolution 2018-032 Amending The Water Tariff To Provide For A 2.1 %Rate Increase Beginning January 15, 2018, Clarifying That Metered Rates Apply To All Customers Other Than Non- Commercial Residential, Changing The Seasonal Definition, And Other Minor Housekeeping Changes. Passed April 9, 2018 Retroactive to January 15, 2018 Chapter 3, Legislative History Notes Page 3 City of Seward, Alaska 2024 Utilities Tariff SEWER/WASTEWATER TARIFF EFFECTIVE Resolution 92-066 Adopted May 11, 1992 Resolution 92-113 Amended June 22, 1992 Resolution 93-091 Amended June 14, 1993 Resolution 03-155 Amending The Water Tariff And The Sewer Tariff. January 1, 2004 Resolution 04-105 Amending The Sewer Tariff. January 1, 2005 Resolution 07-123 (5%C) Amending The Sewer Tariff To Increase All Sewer Tariff Charges By 5%, Effective January 1, 2008. January 1, 2008 Resolution 09-118 Amending The Wastewater Tariff And Providing For Automatic Annual Adjustments To All Rates And Fees By An Amount Equal To The Five Previous Full Years' Average Increase In The Anchorage Consumer Price Index For All Urban Consumers. January 1, 2010 & January 1, 2011 Resolution 11-079 Amending The Wastewater Tariff And Providing For A 6% Increase In Calendar Year 2012 And A 6% Increase In Calendar Year 2013 And Providing For An Automatic Annual Adjustment Thereafter To All Rates And Fees By An Amount Equal To The Five Previous Full Years' Average Increase In The Anchorage Consumer Price Index For All Urban Consumers. January 1, 2012 & January 1, 2013 Resolution 13-097 Amending The Wastewater Tariff By Upward Adjusting All Rates And Fees By 5.2% Effective The First Billing Cycle In January 2014. January 1, 2014 Resolution 13-098 Amending The Wastewater Tariff By Upward Adjusting All Rates And Fees By An Additional 5.2% Effective The First Billing Cycle In January 2015. January 1, 2015 Resolution 15-090 Amending The Sewer Tariff To Provide For A 4.3% Increase In The 2016 Calendar YearAndA 4.4% Increase In The 2017 Calendar Year, And Allow An Automatic Annual Adjustment Thereafter To All Rates And Fees By An Amount Equal To The Five Previous Full Years' Average Increase In The Anchorage Consumer Price Index (CPI) For All Urban Consumers. January 1, 2016 & January 1, 2017 Resolution 2017-077 Amending The Sewer Tariff To Provide For A 2.1 % Rate Adjustment Beginning The First Billing Cycle Of The 2018 Calendar Year, Adding A Seasonal Turn- On/Turn-Off Fee, Clarifying That Metered Rates Apply Only To Class D Customers, And Other Minor Housekeeping Changes. January 1, 2018 Resolution 2018-030 Amending The Sewer Tariff To Provide For A 2.1 %Rate Adjustment Beginning January 15, 2018, Adding A Seasonal Turn-On/Turn-Off Fee, Clarifying That Metered Rates Apply To All Customers Other Than Non - Commercial Residential, And Other Minor Housekeeping Changes. Retroactive to January 15, 2018 Chapter 3, Legislative History Notes Page 4